Titan reports 13% advance in 1Q turnover but EUR6.2m net loss
Greece-based Titan Group reported a 12.5 per cent rise YoY in consolidated turnover to EUR362.7m in the first quarter of 2019 ended 31 March 2019. The company attributed the hig...
Egypt
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El Sewedy Cement sells Sinai Cement stake
Egypt-based El Sewedy Cement has sold its entire stake of 7.476 per cent in Sinai Cement’s capital for EGP41.97m (US$2.46m), or at an average price of EGP8.25/share, EFG Hermes ...
South Valley Cement profit down 54% in 2018
Egypt-based South Valley Cement Co posted a profit of EGP10.18m (US$597,032) in 2018, representing a 54 per cent YoY dropwhen compared with EGP22.14m reported in 2017, according...
Arabian Cement records 96% fall in profit
Egypt’s Arabian Cement has reported a 96.3 per cent YoY decline in consolidated profits for the first quarter of 2019, declining to EGP5.97m (US$350,284) from EGP162.01m in the ...
Vicat can expect higher returns in USA and Brazil
This week Vicat announced its 1Q19 results with a positive turnover increase of 4.7 per cent to EUR600m. It is a good opportunity to take a closer look at this multinational and...
Egyptian cement exports decline in the 2M19
Egyptian cement exports declined in value to US$19m in the first two months of 2019 compared with US$23m of the year-ago period, according to the Export Council for Building Mat...
ASEC renews technical management contract with Beni Suef Cement
ASEC has announced the renewal of its Technical Management contract with Misr Beni Suef Cement Company until December 2023. Entrusted with the technical management of the first ...
Geocycle opens alternative fuel facility in Ain Sokhna, Egypt
Egypt’s Minister of Environment, Yasmeen Fouad, has inaugurated a new waste management and alternative fuel production plant, set up by Geocycle Egypt at Ain Sokhna in the Suez ...
Arabian Cement posts 24% revenue increase in 2018
Egypt-based Arabian Cement Co, a subsidiary of Spain’s Grupo Bertolin, posted a 23.6 per cent YoY increase in revenue to EUR168m in 2018. Meanwhile, net profit also advanced 7.4...
LafargeHolcim to help build Africa's highest tower
LafargeHolcim will play a key role in building Egypt's new capital, currently under construction 45km outside of Cairo. The city will become the country’s new administrative and...